Cornerstone Bank, History

The following are major historical events for Cornerstone Bank, including mergers and acquisitions.

1871-04-05Institution established but was not FDIC insured. Original name: Spencer Savings Bank
1978-10-31Acquired Warren Savings Bank (90295) in WARREN, MA
1985-07-08Became FDIC insured.
2017-06-12Changed name to Cornerstone Bank
2017-06-12Acquired Southbridge Savings Bank (23524) in SOUTHBRIDGE, MA
2017-10-25Changed institution class to INSURED COMMERCIAL OR SAVINGS BANKS, STATE, MEMBERS FRS
2017-10-25Changed primary regulatory agency from STATE to FEDERAL RESERVE BOARD